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Financial News: Japan Manufacturing PMI Slides To 51.6 In July

Japan Manufacturing PMI Slides To 51.6 In July - Nikkei

07/23/2018 - 21:00:00 (RTTNews)

(RTTNews) - The manufacturing sector in Japan continued to expand in July, albeit at a slower pace, the latest survey from Nikkei revealed on Tuesday with a 20-month low manufacturing PMI score of 51.6.

That's down from 53.0 in June, although it remains above the boom-or-bust line of 50- that separates expansion from contraction.

Individually, input and output price inflation both accelerated to multi-year highs, while business confidence dipped noticeably.

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